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Global Markets: Trump thanks Saudis for lower oil

By Commodity News Service Canada

WINNIPEG, Nov. 21 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– United States President Donald Trump tweeted his thanks to Saudi Arabia for lowering oil prices, claiming the recent weakness in oil prices was “Like a big Tax Cut for America and the World.” Trump’s tweet comes a day after he said the U.S. still stands with Saudi Arabia despite the murder of journalist Jamal Khashoggi.

– Kim Jong-yang of South Korea has been elected president of Interpol. Kim, a retired police officer, beat out Russian candidate Alexander Prokopchuk, whose candidacy had raised some concerns over Kremlin influence on the international policing body. Kim’s predecessor Meng Hongwei of China disappeared in September and has not been seen since. He sent in a resignation letter and is reportedly being investigated by Chinese authorities for suspected bribery.

– The Canadian government is reportedly close to introducing back-to-work legislation to end the rotating Canada Post strikes. Calls to end the labour dispute have heightened in recent days as the holiday season approaches and the backlog of packages grows.

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